Stephens Inc. AR Has $535,000 Stock Holdings in Carpenter Technology Co. (NYSE:CRS)

Stephens Inc. AR cut its position in Carpenter Technology Co. (NYSE:CRS) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,150 shares of the basic materials company’s stock after selling 646 shares during the period. Stephens Inc. AR’s holdings in Carpenter Technology were worth $535,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRS. UMB Bank n.a. boosted its stake in Carpenter Technology by 169.0% during the 4th quarter. UMB Bank n.a. now owns 304 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 191 shares during the last quarter. nVerses Capital LLC acquired a new position in Carpenter Technology during the 3rd quarter valued at about $64,000. Banque Cantonale Vaudoise acquired a new position in Carpenter Technology during the 3rd quarter valued at about $65,000. Wilmington Savings Fund Society FSB acquired a new position in Carpenter Technology during the 3rd quarter valued at about $80,000. Finally, Morse Asset Management Inc acquired a new position in Carpenter Technology during the 3rd quarter valued at about $84,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology Trading Up 3.1 %

NYSE:CRS opened at $188.92 on Friday. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $9.44 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.54. The firm’s 50 day moving average is $186.67 and its 200 day moving average is $168.00. Carpenter Technology Co. has a 12 month low of $62.99 and a 12 month high of $213.65.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. Sell-side analysts expect that Carpenter Technology Co. will post 6.83 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Carpenter Technology’s payout ratio is 15.09%.

Analysts Set New Price Targets

CRS has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Carpenter Technology from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Benchmark restated a “buy” rating and issued a $175.00 target price on shares of Carpenter Technology in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.50.

About Carpenter Technology

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.